Chit fund scam: Sudipta Sen’s cars, buildings seized
Zee Media Bureau
Kolkata: In the wake of the protests by duped investors of the Saradha Group, the West Bengal government on Wednesday froze 35 bank accounts of the company.
Cracking down on the Saradha Group in the chit fund scam, the West Bengal government has also seized 36 cars belonging to Saradha Group chairman and managing director Sudipta Sen and his company. Also, four office buildings in and around Kolkata belonging to the Saradha Group have also been confiscated.
The West Bengal government-appointed judicial commission will start receiving complaints of investors from Monday.
In the meantime, a Jammu and Kashmir court today gave the West Bengal police a four-day transit remand of Sen and two other accused in the multi-crore-rupee chit fund scam.
The three accused were detained on Tuesday by the Kashmir police in Sonamarg tourist resort in Ganderbal district after receiving information from Bengal investigators.
The Securities and Exchange Board of India has directed Saradha Realty India Ltd and Sudipta Sen to wind up its existing collective investment schemes and refund the money collected with returns which are due to the investors within three months as it had contravened SEBI provisions by launching such schemes without its permission.
More from India
More from World
More from Sports
More from Entertaiment
- Sachin Tendulkar joins Narendra Modi's #SelfieWithDaughter campaign
- Madrasas that do not teach primary subjects to be considered 'non-schools', says Maharashtra govt
- BJP MP Hema Malini injured, one child killed in Dausa road accident
- Dausa car crash: Hema Malini injured, child killed; MP's driver booked for over speeding
- Suresh Raina denies Lalit Modi's match-fixing allegation, mulls legal action against former IPL boss